That’s a sobering picture of California generated by the economists at California Lutheran University’s Center for Economic Research and Forecasting: Unemployment stuck at 12 percent, poverty rate of 16.1 percent, Fresno and San Bernardino among the nation’s 10 poorest large cities, 3 percent of mortgages in foreclosure, and only 50,000 jobs being created for the 150,000 students getting college diplomas each year.
Add: Lance Williams at California Watch blogs about the findings this morning, including this grabber from center director Bill Watkins: “California is fast becoming a post-industrial hell.”
